Man Group (LON:EMG) Price Target Raised to GBX 275

Man Group (LON:EMG) had its price objective hoisted by Citigroup from GBX 190 to GBX 275 in a report released on Tuesday, Marketbeat reports. The firm currently has a neutral rating on the investment management company’s stock.

EMG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Man Group from GBX 225 to GBX 250 and gave the stock a “buy” rating in a research note on Friday, October 17th. Jefferies Financial Group raised their price target on shares of Man Group from GBX 240 to GBX 280 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Man Group from GBX 188 to GBX 209 and gave the company a “neutral” rating in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 253.50.

Man Group Stock Up 1.8%

Shares of EMG opened at GBX 264.59 on Tuesday. The stock’s 50-day moving average price is GBX 226.45 and its two-hundred day moving average price is GBX 195.76. Man Group has a 12 month low of GBX 150.40 and a 12 month high of GBX 272.20. The company has a market capitalization of £2.95 billion, a PE ratio of 16.85, a PEG ratio of -1.15 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.